Price for Cocoa; Paste; Whether or Not Defatted in Australia - 2023
Contents:
- Price for Cocoa; Paste; Whether or Not Defatted in Australia (CIF) - 2023
- Price for Cocoa; Paste; Whether or Not Defatted in Australia (FOB) - 2022
- Imports of Cocoa; Paste; Whether or Not Defatted in Australia
- Exports of Cocoa; Paste; Whether or Not Defatted in Australia
Price for Cocoa; Paste; Whether or Not Defatted in Australia (CIF) - 2023
The average import price for cocoa; paste; whether or not defatteds stood at $4,893 per ton in December 2023, increasing by 8.1% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.5%. The pace of growth was the most pronounced in February 2023 when the average import price increased by 9.3% against the previous month. The import price peaked in December 2023.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Malaysia ($5,697 per ton), while the price for Ecuador ($2,197 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Ghana (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cocoa; Paste; Whether or Not Defatted in Australia (FOB) - 2022
In 2022, the average export price for cocoa; paste; whether or not defatteds amounted to $2,471 per ton, surging by 3.5% against the previous year. Overall, the export price, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 29%. The export price peaked at $4,621 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +2.3% per year.
Imports of Cocoa; Paste; Whether or Not Defatted in Australia
In 2022, imports of cocoa; paste; whether or not defatteds into Australia rose markedly to 22K tons, surging by 5.5% against 2021. The total import volume increased at an average annual rate of +9.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of cocoa; paste; whether or not defatteds shrank modestly to $94M in 2022. The total import value increased at an average annual rate of +11.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 29% against the previous year. As a result, imports reached the peak of $94M, leveling off in the following year.
| Import of Cocoa; Paste; Whether or Not Defatted in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 31.1 | 36.8 | 44.6 | 49.0 | 16.4% |
| Malaysia | 10.4 | 10.3 | 13.7 | 17.0 | 17.8% |
| Ghana | 1.3 | 1.3 | 3.6 | 9.8 | 96.1% |
| Indonesia | 6.2 | 3.6 | 7.5 | 8.3 | 10.2% |
| Cote d'Ivoire | 8.3 | 9.0 | 12.3 | 6.8 | -6.4% |
| Ecuador | 2.2 | 2.5 | 1.6 | 2.3 | 1.5% |
| Chile | 6.6 | 7.9 | 9.5 | N/A | 20.0% |
| Others | 1.3 | 1.7 | 1.5 | 0.8 | -14.9% |
| Total | 67.4 | 73.0 | 94.3 | 94.0 | 11.7% |
Top Suppliers of Cocoa; Paste; Whether or Not Defatted to Australia in 2022:
- Singapore (11.3K tons)
- Malaysia (3.7K tons)
- Ghana (2.7K tons)
- Indonesia (2.1K tons)
- Cote d'Ivoire (1.7K tons)
- Ecuador (0.6K tons)
Exports of Cocoa; Paste; Whether or Not Defatted in Australia
In 2022, exports of cocoa; paste; whether or not defatteds from Australia dropped rapidly to 28 tons, with a decrease of -34.5% compared with 2021. In general, exports showed a sharp decline. The pace of growth appeared the most rapid in 2021 when exports increased by 62% against the previous year.
In value terms, exports of cocoa; paste; whether or not defatteds shrank rapidly to $69K in 2022. Over the period under review, exports faced a sharp reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 7%.
| Export of Cocoa; Paste; Whether or Not Defatted in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 273 | 38.7 | 27.8 | 69.1 | -36.7% |
| New Zealand | 55.7 | 28.5 | 50.2 | N/A | -5.1% |
| Malaysia | 27.9 | 12.0 | 9.3 | N/A | -42.3% |
| Netherlands | 119 | 13.9 | 6.7 | N/A | -76.3% |
| Others | 7.2 | 2.1 | 7.9 | N/A | 4.7% |
| Total | 483 | 95.2 | 102 | 69.1 | -47.7% |
Top Export Markets for Cocoa; Paste; Whether or Not Defatted from Australia in 2022:
- Singapore (28.0 tons)
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